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Thread: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

  1. #211
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Viktyr Gehrig View Post
    Or, you know, the President is being realistic and facing the stone cold fact that we can't balance the budget without raising taxes.
    Like Reagan and Bush the Elder both did. Why, Reagan even believed that capital gains should be taxed like regular income! That socialist heathen!

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    Who gives a crap what the rest of the world spends, and why exactly should that dictate our defense spending?
    Because it is stupid and wasteful to spend more money than you need for adequate defense, and when we get serious about debt reduction there is no way to accomplish that as long as we continue to spend as much as the rest of the world combined on military.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by iguanaman View Post
    “We call this period, 1982-2007, the twenty-five year boom–the greatest period of wealth creation in the history of the planet. In 1980, the net worth–assets minus liabilities–of all U.S. households and business … was $25 trillion in today’s dollars. By 2007, … net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."

    This quote faiils to mention that $40 trillion of that net worth went to the top 5% because of Reaganomics and low tax rates on the wealthy. That is exactly the proble we have now. Too much money at the top and nothing for the rest of us. That is the real legacy of Reganomics and we must reverse that trend or perish.

    Wealth is fungible, people make it, and people lose it every day. This is what the today's liberal doesn't understand. In 1980 there were 574,000 millionaires in the US. By 1988 that figure had more than doubled to 1.3 Million. Your imagined picture of the greedy rich man gaining his wealth from a static pie is just plain void of understanding.
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Catawba View Post
    Because it is stupid and wasteful to spend more money than you need for adequate defense, and when we get serious about debt reduction there is no way to accomplish that as long as we continue to spend as much as the rest of the world combined on military.
    Well, that is your opinion, but as far as I can tell, I don't see any military service designator in your member profile, nor do I recall you being tied to the defense industry as a profession, so now tell me why it is that your opinion on this should be taken as anything other than manifest guilt being displayed over being born in the greatest country on earth?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by FilmFestGuy View Post
    Like Reagan and Bush the Elder both did. Why, Reagan even believed that capital gains should be taxed like regular income! That socialist heathen!
    Clinton cut them

    That neocon!

    Clinton Angers Friend and Foe In Tax Remark - NYTimes.com

    Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too - Bill Clinton
    Reagan also cut marginal rates from 70% to 28% and reduced the amount of tax brackets from 14 to 2

    But hey, let's not let facts get in the way of your idealogical rubbish

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    I view it as this way. The Democrats want tax hikes and not to cut that much in federal programs but they have agreed to cut a lot in federal programs along with the tax hikes. Republicans dont want to have tax hikes and they want to gut a lot of these federal programs. I think the Republicans are holding this back. The democrats have agreed to cut a lot of federal programs the republicans need to step up and accept the tax hikes back to the Clinton years, if they do thats a compromise. The Republicans are the ones holding this back..


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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    Wealth is fungible, people make it, and people lose it every day. This is what the today's liberal doesn't understand. In 1980 there were 574,000 millionaires in the US. By 1988 that figure had more than doubled to 1.3 Million. Your imagined picture of the greedy rich man gaining his wealth from a static pie is just plain void of understanding.
    Wealth expands and contracts

    The pie is a myth but the Marxists/Collectivists/Socialists believe in it like Santa Claus

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TheDemSocialist View Post
    I view it as this way. The Democrats want tax hikes and not to cut that much in federal programs but they have agreed to cut a lot in federal programs along with the tax hikes. Republicans dont want to have tax hikes and they want to gut a lot of these federal programs. I think the Republicans are holding this back. The democrats have agreed to cut a lot of federal programs the republicans need to step up and accept the tax hikes back to the Clinton years, if they do thats a compromise. The Republicans are the ones holding this back..

    That is just silly....You like the buffoons in the demo party have made the mistake of wanting it all, while giving up nothing...Tell me what "cuts" have Obama, or demo's offered?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Catawba View Post
    The thing is, jobs that are beneficial to our economy, are a much better option. The almost decade long GOP war in Iraq was a total drain on our economy without benefit.
    Why is the Obama Junta killing jobs, then?

    The war in Iraq didn't drain the economy anymore than the trillions spent on the war on poverty.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    Well, that is your opinion, but as far as I can tell, I don't see any military service designator in your member profile, nor do I recall you being tied to the defense industry as a profession, so now tell me why it is that your opinion on this should be taken as anything other than manifest guilt being displayed over being born in the greatest country on earth?

    Believe what ever makes you happy, but you will see the budget will never be balanced as long as we continue to spend as much on the military as the rest of the world combined.

    You and others just follow along in your effort to make the prediction by Bin Laden come true. He said the US would not be beaten on the battlefield but rather would spend itself to death fighting unending war.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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